Next week I will be speaking at Nebraska Bankers Association 2014 Marketing & Retail Banking Conference. Will I see you there? In the meantime, here’s a quick recap of the stories I’ve been talking about on my daily Twitter posts:
Trending
The @BBCNews looks at the emergence of the counter-free bank branch http://t.co/uDFOyrgph8 pic.twitter.com/y3eW61Z1Bp
— Jim Perry (@mi_jim) October 17, 2014
Mergers, Acquistion – Expansion, Consolidation
- Ascentra Credit Union will expand its Quad-City footprint with a new branch in Davenport, IA http://bit.ly/103s8qz
- It only took 130 years, but OH’s Valley Central Bank is finally expanding by adding a second bank branch. http://bit.ly/1uftBkX
- Bank of Nova Scotia, Canada’s third-largest lender by assets, is weighing a sale of its Puerto Rican banking unit http://bloom.bg/1swb0TG
- The 350-Square-Foot Bank Branch – http://bit.ly/1vh5aYz
- Hawaiian Tel Federal Credit Union merges with two credit unions http://bit.ly/1xUYbE4
- Kinderhook Bank has opened its first branch in downtown Albany, NY http://bit.ly/1ochcBT equipped w/iPads & a self-service banking kiosk.
- Fort Worth,TX-based OmniAmerican Bancorp, Southside Bancshares approve merger proposals http://bit.ly/101tfY2
- Bank of Sacramento to be acquired by AmericanWest Bank http://bit.ly/1F2wVID
- Hutchinson Credit Union to change to Heartland http://bit.ly/ZsooxJ
- NY’s Generations Bank opens ‘teller-less’ branch http://bit.ly/1qrUEIG
- Wintrust continues Wisconsin foray with Delavan Bancshares acquisition http://bit.ly/1oa89kO
- Citigroup to exit retail banking in 11 markets around the world http://bit.ly/1tt5g0E
- The reason for bank branch closures is not just increased online/mobile banking usage. Many banks over built their branch networks.
- In Texas, Navy Army Community Credit Union assumes County & Municipal Employees Credit Union accounts http://bit.ly/ZpUN8c
- Monterey Credit Union files for mutual bank charter http://bit.ly/1ESWqMA via @CookeonCUs
- Eastern Bank unveils “branch of the future” in Lawrence, MA http://bit.ly/1o8MmtL
- Associated Bank builds new branch in Madison suburb of Sun Prairie, WI http://bit.ly/1w48DIk
- Protesters challenge $3.4B purchase of OneWest Bank by CIT Group http://lat.ms/ZpS5iZ
- In Florida, Launch Federal Credit Union breaks ground on new branch http://bit.ly/Zny4JV
- EVB has received approval for its acquisition of the $100M Virginia Company Bank http://bit.ly/1EOq45H
Marketing & Branding
- The @TheKCUA organized a semi-annual #guerrillamarketing campaign where credit unions give away cash, gift cards http://bit.ly/1vmhmY7
- TD Ameritrade’s new $100M campaign aims to give confidence http://bit.ly/1yDcOiH video here: http://bit.ly/1ttqI5D
- Bank of Ann Arbor takes jab at Ohio State; stays open Columbus Day “because Columbus is in OH” http://bit.ly/1rsmkfA
- Insights from BofA’s survey of small business owners – e.g. small business growth is shifting from men to women http://bit.ly/1yyj8rR #FYI
- Telemundo, Wells Fargo target Hispanics w/personal finance info that can help them reach their financial goals http://bit.ly/1vqrHU4
- A reminder for bank & CU marketers: our brains filter out irrelevant content! Great image @tomfishburne.
- A little guerrilla mktg in Maine: Bangor Savings hands out $10 gift cards to restaurants hurt by summer construction http://bit.ly/1w1blhy
- The @FinancialBrand‘s @JimMarous: Don’t underestimate the #Millennial banking opportunity http://bit.ly/1swm58E
Mobile & Digital Transformation
- Smaller banks: Hey, we have mobile-banking options, too! http://bit.ly/1w315Y5
- Tech Crunch’s @sarahintampa reports that months after its “upgrade,” @simple’s online bank is still broken http://tcrn.ch/1qb5a6X
- Twitter teams up w/French bank to allow users in France to transfer money via tweets http://bit.ly/1CcqE93
Industry News
- Credit Union Leagues in Massachusetts, New Hampshire and Rhode Island vote this month on whether or not to merge http://bit.ly/1rifaL6
- Follow-up: Wells Fargo CFO on worker’s mass email raise request http://cnb.cx/1wbBTP6
- “Small, local [data] breaches may not garner the same headlines, but they can be just as damaging” – @NAFCU survey http://bit.ly/1rys3R1
- Wells Fargo doubling down on banking Main Street http://bit.ly/1rykERZ CEO focused on the long-term value of deposits flooding into bank.
- JPMorgan @Chase results show banking’s new world order – declines in revenue show effect of regulatory changes http://bit.ly/1oa7Iab
- U.S. banks ramp up credit card lending but analysts fear margins may suffer http://read.bi/1wyAFM0
- National Credit Union Foundation announces @icul to receive 2015 Herb Wegner Memorial Outstanding Organization Award http://bit.ly/1sFsW0A
- Citi Chairman says top U.S. banking regulators should merge into one single banking watchdog. http://on.wsj.com/1w47Ffd
- Consumers might not love having their data breached, but they may be getting used to it. http://bit.ly/1z3OKGR
- In terms of branch design: “Banks are not just competing with other banks anymore” – Martin Shires, @NCRCorporation http://cnn.it/1ssOH2F
That’s all for this week. If we missed an important story, drop me a note.
